The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-30
CONDITION OF THE MARKETS
Heavy Transactions in Wheat at Better
Prices than Those of Saturday.
Corn Opens Weak and Lower, but Fair De
mand Causes Slight RalIy--Oats Slow
and Heavy-Pr0vision Very Quiet.
MONEY. BONDS AND STOCKS.

A Dull Day in New York. but Almost All Ac-
tive Stocks Bring Better Prices.
NEW YORK. Aug. 29.-Money call was
easy at 3 TO 81 per cent. the last loan being
made at per cent, closing offered at 2.
Primo mercantile paper 81 as per cent.
Sterling exchange was dull but firm at g. 804
for sixty day bills and 81 s3a for demand.
The total sales of stocks to-day were ODD. $50
shares, including the following: Delaware,
Lackawanna 81 Western, 1.150; Erie, ,1O0
Lake Shore, 1884; Louisville & Nashville, 1920;
Missouri Pacific. 5000; Northwestern, 4,22O;
Northern Pacific, 1900; Northern Pacific, pre-
ferred, $500; Oregon & Transconti1ental, II, 1885,
Reading, sc. 97s ST. Paul. 25,970, St. Paul g.
Omaha, 5000; Union Pacific, $3.50; Western
Union, 1851
The stock market to-day presented few feat
ures Of interest, and, in measure. subsided into
the dullness existing during week before last.
Under the i'm proved feeling generated on Satur-
day stocks opened strong. and the demand from
London and the "shorts" made further i'm
provsment, but when this had been satisfied,
which was not long after the opening. the usual
dulluess appeared and considerable pressure was
brought against tho list. Operators are await
: ing Developments in the Oregon and Northern
Pacific stocks. and these were attacked again;
Oregon Navigation, which had opened up per
4 cent, was KIN ocked off p and closed unchanged
Oregon g. Transcontinental and the Northern
Pacifics weaker on the general list early In
abe day, and Western Union and Pacific Mail
later Missouri Pacific led the carly advances,
squirting up sharply. though most OF the gain
svas afterward Lost. There was utter absence
of news and the ''bea-s" seem to have ceased
she rumors aud talk which had influence upon
che speculation last week. The first sales were
made this morning at advances from ! to per
cent over Saturdays final figures. and on a
fairly active business further gains were estab-
pSished in the early trading. Missouri Pacific be-
ing most prominent, with q squirt OF Il. followed
by Wheeling g Lake Erie with IL. The latter
held it's advantage, but the general list was soon
depressed below the opening figures. and Mis-
souri Pacific lost most Of it's gain. The market
then became very quiet, with scarcely any move
rnent in prices until in the afternoon. when
further fractional depression was brought about
The dulness was then intensified, and lasted I'M
sl the last hour. when some advances were
made and the market closed quiet but firm. The
entire active list, with but few exceptions, shows
small fractions in advance, but Wheeling %
Lake Erie is up 3. and Missouri Pacific It.
Railroad bonds were dull and featureless;
gales, $715 00O The general list was steady.
thoueh a few changes were recorded. with losses
somewhat in a majority. Gulf. Colorado &
San ia Fe frsts lost 3, at 49, Houston 81 Texas,
Western division firsts, p at 1924; Utah South
ern extension sevens. 3 at 92 Great Western
seconds, g at 100; Tennessee Coal, Birmingham
division, %. at so: Toledo. Ann Arbor e. Grand
Trunk firsts rose p. to 971.
Government bonds were dull but strong
State bonds were neglected. Closing quota
tions